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Markel Announces Acquisition of Majority Interest in Ellicott Dredge Enterprises, LLC

RICHMOND, Va., Dec. 1 /PRNewswire-FirstCall/ -- Markel Corporation (NYSE: MKL) announced today that its Markel Ventures subsidiary has acquired a majority interest in Ellicott Dredge Enterprises, LLC, a privately held company headquartered in Baltimore, Maryland that manufactures dredging equipment for both domestic and international markets. Terms of the transaction were not disclosed.

Markel Ventures owns and manages the affiliated investment activities of Markel Corporation.

Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. In each of these markets, the Company seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting profits and superior investment returns to build shareholder value.

Visit Markel Corporation on the web at www.markelcorp.com.

SOURCE Markel Corporation

Bruce A. Kay, +1-804-965-1720